Sharescart Research Club logo

Ganesh Infraworld Overview

1. Business Overview

Ganesh Infraworld Ltd. is an Indian company primarily engaged in the Engineering - Construction sector. The company's core business involves undertaking and executing various infrastructure and construction projects. This typically includes civil construction, road building, bridges, railway infrastructure, water supply projects, real estate development, and other public and private sector construction works. The company generates revenue by bidding for and securing contracts from government agencies, public sector undertakings, and private clients, and then executing these projects within agreed timelines and budgets.

2. Key Segments / Revenue Mix

While specific revenue contributions are not publicly available without detailed financial reports, companies in this industry typically derive revenue from segments such as:

Roads & Highways: Construction, widening, and maintenance of national and state highways.

Bridges & Flyovers: Building complex overpasses and river bridges.

Civil Construction: Includes buildings (commercial, residential, institutional), industrial structures, and other urban infrastructure.

Water & Irrigation: Projects related to water supply, treatment plants, pipelines, and irrigation canals.

Railways: Construction of tracks, stations, and related infrastructure.

The company's mix would depend on the specific projects it has secured and is executing.

3. Industry & Positioning

The Indian Engineering - Construction industry is highly competitive, fragmented, and cyclical, largely driven by government capital expenditure and private sector investment in infrastructure and real estate. The industry structure ranges from large, diversified players to numerous small and medium-sized enterprises. Ganesh Infraworld Ltd. likely operates as an EPC (Engineering, Procurement, and Construction) contractor, competing for various infrastructure projects. Its positioning would depend on its project execution capabilities, financial strength, client relationships, and geographical focus within this competitive landscape. The market is often characterized by intense bidding for contracts.

4. Competitive Advantage (Moat)

In the Engineering - Construction sector, durable competitive advantages (moats) are often narrow due to the project-based nature and intense competition. Potential advantages for Ganesh Infraworld Ltd. could include:

Execution Capability & Track Record: A proven history of timely and quality project completion builds trust and helps secure new contracts.

Client Relationships: Strong relationships with government agencies and key private clients can provide a steady pipeline of opportunities.

Technical Expertise: Specialization in complex construction areas (e.g., complex bridges, tunnels) can differentiate it.

Financial Strength: Ability to secure financing for large projects and manage working capital efficiently.

Geographical Focus/Local Expertise: Deep understanding and presence in specific regions.

5. Growth Drivers

Key factors that can drive growth for Ganesh Infraworld Ltd. over the next 3-5 years include:

Government Infrastructure Push: Continued high capital expenditure by the Indian government on roads, railways, ports, airports, and urban infrastructure.

Urbanization & Smart Cities: Increased demand for urban infrastructure, housing, and civic amenities due to rapid urbanization.

Industrial & Economic Growth: Expansion in manufacturing and other sectors leading to demand for industrial infrastructure and commercial spaces.

"Make in India" Initiative: Driving demand for industrial parks and manufacturing facilities.

Affordable Housing Schemes: Government initiatives promoting housing for all.

6. Risks

Key business risks for Ganesh Infraworld Ltd. include:

Project Execution Risks: Delays, cost overruns, contractual disputes, and unforeseen site conditions.

Payment Delays: Risk of delayed payments from government or private clients, impacting cash flow and working capital.

Regulatory & Environmental Hurdles: Obtaining clearances, land acquisition issues, and changes in environmental regulations.

Raw Material Price Volatility: Fluctuations in prices of cement, steel, and other construction materials can impact project profitability.

Intense Competition: High bidding competition can compress margins.

Interest Rate Fluctuations: High reliance on debt for project financing makes the company vulnerable to interest rate changes.

Economic Downturn: A slowdown in the economy can reduce government spending and private investment in infrastructure.

7. Management & Ownership

As is common for many Indian companies, Ganesh Infraworld Ltd. is likely promoter-driven, meaning the founding family or individuals hold a significant stake and play a crucial role in management. The quality of management is critical in this sector, requiring strong project management skills, financial acumen, and the ability to navigate complex regulatory environments and client relationships. Ownership structure would typically involve the promoter group holding a majority stake, alongside institutional and public shareholders.

8. Outlook

The outlook for Ganesh Infraworld Ltd. is tied to the broader Indian infrastructure growth story. The strong government focus on infrastructure development provides a robust pipeline of opportunities (bull case). Increased budget allocations, initiatives like the National Infrastructure Pipeline, and continued urbanization create a favorable operating environment for construction companies. However, the company operates in an inherently high-risk, cyclical industry (bear case). Challenges such as intense competition, risks of project delays and cost overruns, potential payment issues from clients, and sensitivity to economic cycles and commodity prices can impact profitability and cash flow. Success will depend on the company's ability to bid competitively, execute projects efficiently, manage working capital effectively, and maintain strong client relationships amidst these industry-specific challenges.

Want to Start Investing in Top Unlisted Stocks?

Our experts help you choose the right stocks based on performance, risk, and growth potential.

Ganesh Infraworld Key Financials

Market Cap ₹333 Cr.

Stock P/E 8.3

P/B 1.3

Current Price ₹77.9

Book Value ₹ 58.5

Face Value 5

52W High ₹279.8

Dividend Yield 0%

52W Low ₹ 66.4

Ganesh Infraworld Share Price

| |

Volume
Price

Ganesh Infraworld Quarterly Price

Show Value Show %

Ganesh Infraworld Peer Comparison

Ganesh Infraworld Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Jun 2025
Net Sales 51 135 181
Other Income 0 2 1
Total Income 51 137 182
Total Expenditure 45 123 160
Operating Profit 6 14 21
Interest 0 0 1
Depreciation 0 0 1
Exceptional Income / Expenses 0 0 0
Profit Before Tax 6 14 20
Provision for Tax 2 3 5
Profit After Tax 4 10 15
Adjustments 0 0 -0
Profit After Adjustments 4 10 15
Adjusted Earnings Per Share 1.4 3.3 3.4

Ganesh Infraworld Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 51 538 367
Other Income 0 4 3
Total Income 51 543 370
Total Expenditure 45 486 328
Operating Profit 6 57 41
Interest 0 2 1
Depreciation 0 1 1
Exceptional Income / Expenses 0 0 0
Profit Before Tax 6 53 40
Provision for Tax 2 13 10
Profit After Tax 4 40 29
Adjustments 0 0 0
Profit After Adjustments 4 40 29
Adjusted Earnings Per Share 1.4 9.4 8.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 955% 0% 0% 0%
Operating Profit CAGR 850% 0% 0% 0%
PAT CAGR 900% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -59% NA% NA% NA%
ROE Average 37% 24% 24% 24%
ROCE Average 39% 24% 24% 24%

Ganesh Infraworld Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 35 180
Minority's Interest 0 0
Borrowings 0 3
Other Non-Current Liabilities 0 1
Total Current Liabilities 59 82
Total Liabilities 94 265
Fixed Assets 9 20
Other Non-Current Assets 2 6
Total Current Assets 83 239
Total Assets 94 265

Ganesh Infraworld Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 6
Cash Flow from Operating Activities -28 -80
Cash Flow from Investing Activities -28 -25
Cash Flow from Financing Activities 62 109
Net Cash Inflow / Outflow 6 5
Closing Cash & Cash Equivalent 6 10

Ganesh Infraworld Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.44 9.37
CEPS(Rs) 1.47 9.7
DPS(Rs) 0 0
Book NAV/Share(Rs) 12.73 42.02
Core EBITDA Margin(%) 10.92 9.73
EBIT Margin(%) 11.2 10.27
Pre Tax Margin(%) 10.95 9.92
PAT Margin (%) 7.75 7.44
Cash Profit Margin (%) 7.9 7.7
ROA(%) 4.19 22.3
ROE(%) 11.32 37.35
ROCE(%) 8.67 39.03
Receivable days 275.47 52.71
Inventory Days 67.55 16.74
Payable days 0 -376.26
PER(x) 0 15.38
Price/Book(x) 0 3.43
Dividend Yield(%) 0 0
EV/Net Sales(x) 0.71 1.2
EV/Core EBITDA(x) 6.22 11.35
Net Sales Growth(%) 0 954.38
EBIT Growth(%) 0 866.85
PAT Growth(%) 0 912.99
EPS Growth(%) 0 550.76
Debt/Equity(x) 0.88 0.21
Current Ratio(x) 1.41 2.93
Quick Ratio(x) 1.25 2.44
Interest Cover(x) 44.68 28.73
Total Debt/Mcap(x) 0 0.06

Ganesh Infraworld Shareholding Pattern

# Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 59.09 59.09 59.38 59.38 59.38 57.73
FII 0.92 0.55 0.77 0.98 0.68 0.52
DII 7.62 5.82 5.1 2.45 2.35 2.7
Public 32.37 34.54 34.75 37.19 37.59 39.05
Others 0 0 0 0 0 0
Total 100 100 100 100 100 100

Ganesh Infraworld News

Ganesh Infraworld Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 24%
  • Debtor days have improved from 0 to -376.26days.
  • Company is almost debt free.

Cons

whatsapp